Scary: What Bank of America Considers “Suspicious Activity”

My sister received a letter from BoA the other day. The Bank classified as suspicious multiple transfers my sister made from her savings account to her checking account. These transactions were made online .

BoA warned her if such transactions continued, a fee would be assessed. The letter further advised she should visit a local branch or use an ATM to conduct these transactions.

How odd! I recall reading an article in the Wall Street Journal about BoA’s efforts to encourage its customers to transact business online rather than visit a branch.

Plus , how could transferring money from one’s own saving account to own ‘s checking account be suspicious?

This stupidity is why I “bank” at a credit union 🙂

Happy Halloween